STORY OF THE DAY
Alinso Group expects industrial demand to grow in Romania

Story of the week

30
Jul
2021

Alinso Group expects industrial demand to grow in Romania

by Ákos Budai
Ivan Lokere, CEO of Belgium-based real estate developer Alinso Group talked to Property Forum about the trends driving real estate markets in today’s economy and restated the company’s commitment to the Romanian market.
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Report

29
Jul
2021

Croatia records 30% increase in investments year-on-year

by Property Forum
Croatia’s commercial real estate investment volume exceeded €290 million in H1 2021, according to a new report by Colliers.
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Czech investment volumes rise by 42% year-on-year H1 2021 investment volume in CEE 25% down year-on-year Investment in European property gains momentum in Q2 2021

Investment

29
Jul
2021

Accolade buys warehouse in Central Poland

by Property Forum
Accolade Group, in cooperation with its JV partner, invested almost €26 million in a Class A warehouse facility in Wielenin-Kolonia in Central Poland. The entire facility is occupied by K-Flex, a worldwide leader in the production of elastomeric insulation, with a lease term of 17 years.
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Bucharest land market remains in growth mode Atenor completes sale of Bucharest office campus Poland's investment market is waiting for a rebound

Industrial

29
Jul
2021

Panattoni builds another huge complex near Warsaw

by Property Forum
Panattoni has turned its focus back onto the Warsaw market. In a strategic location – close to the planned New Central Polish Airport – Panattoni Park Błonie III is now under construction. The investment with an area of more than 90,000 sqm has already started and has its first tenant: logistics operator GTFL, which specialises in full truckload and international transportation. The company will consolidate the space it currently occupies in the country at the end of this year, when it will move into its newly leased 7,700 sqm premises. It was represented by consultancy Cresa Polska for this transaction.
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Czech industrial rents continue to rise ELI starts construction of second phase of Park Tychy MLP Group to build BTS facility for Hart Logistics

Office

29
Jul
2021

Skanska begins next phase of Centrum Południe in Wrocław

by Property Forum
Over 21,000 sqm of office space located on 13 floors, terraces for tenants and a basketball court – this will be the second phase of the Centrum Południe office complex currently being developed by Skanska. Like the existing buildings, the new phase will apply for numerous certificates, including the WELL Core&Shell. 
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Vacancy rates are rising in Polish offices Cresa: Polish companies gradually return to offices New leases drive Bratislava’s office market

Career

29
Jul
2021

VGP appoints new Commercial Director for Hungary

by Property Forum
VGP has announced the appointment of Gergely Somogyi as Commercial Director for VGP Hungary. With Gergely's arrival, Laszlo Balogh will be able to focus more on land acquisition and development of new plots to support the strong demand and future development on the Hungarian market.
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Skanska announces changes in CEE leadership Robertson Hungary acquires BNP Paribas Real Estate Hungary Diófa Asset Management appoints new investment director

Interview

29
Jul
2021

REINO Partners: Polish investors are sidelined

by Michał Poręcki
Dorota Latkowska-Diniejko, Vice-President of the Board of REINO Partners talked to Property Forum about the changes caused by the pandemic in the Polish market and waiting for the long-awaited law implementing REIT-type financial structures.
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New apartments in Romania to register 20% price hikes Banks want to finance COVID-resistant assets Bog’Art aims for further portfolio diversification

Hotel

28
Jul
2021

Polish hotels count on "revenge demand"

by Property Forum
The 75% occupancy limit does not mean working at full capacity, but the recovery of the hotel market is driven by the return of holiday travel and stronger demand for hospitality services. Although the industry is facing a number of challenges, hotel owners hold onto their assets, they are reluctant to sell at a discount, believing that business will return to pre-pandemic levels. JLL summarizes the current situation on the Polish hotel market.
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Wyndham opens new hotel in Budapest Opera Plaza Hotel in Cluj-Napoca sold for €8.1 million Eagle Hills completes structural works on Kula Belgrade

Residential

27
Jul
2021

Residential rents continue to rise in Hungary

by Property Forum
Rents continued to rise in June 2021, increasing by 1.6% nationally and by 1.8% in Budapest compared to the previous month, the latest KSH-ingatlan.com rent index shows. Supply prices were also slightly higher than in the same period last year, something not seen for more than a year. Of all the district groups in Budapest, prices stagnated only in the outer districts of Pest, while the largest price increase (2.8%) on the previous month was recorded in the transitional districts of Pest.
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Residential areas expand their retail offer in Poland Speedwell fully repays loan for apartments in Cluj-Napoca

Retail

22
Jul
2021

NEPI gets €73.5 million green loan in Romania

by Property Forum
Retail group NEPI Rockcastle secured a green loan worth €73.5 million from International Finance Corporation (IFC), a member of World Bank, in a bid to expand its sustainable business infrastructure in Romania. 
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Poland’s retail market welcomes new brands and expansions Poland's retail market may regain a good shape Lidl joins Acteeum's regional Power Center in Koszalin

Economy

09
Jul
2021

Hungary levies 90% tax on construction materials

by Property Forum
The government’s recently announced measures to curb construction material prices were published in the Official Gazette late on Thursday, including the supplementary mining tax, a new type of tax for certain market players.
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Croatia, Bulgaria and Romania to gain the most from more EU funding Hungary's construction industry surprises with February slump Romania seeks €2.2 billion for building renovations

New leases

  • M7 Real Estate has completed the letting of a 1,025 sqm retail unit at the newly refurbished Csillag Center in Budapest to Polish fashion brand, Sinsay, on behalf of M7 CEREF I.
  • Insurer Euroins Romania has leased 2,500 sqm in J8 Office Park, the project developed by Portland Trust in northern Bucharest. The office building with a total leasable area of 44,000 sqm will be delivered later this month.
  • The PYC-SPORT company, a producer and distributor of professional sports equipment, has decided to lease over 3,000 sqm of warehouse and office space in the Panattoni Park Business Center Łódź II. AXI IMMO was advising the tenant in the negotiation process.

New appointments

  • Silviana Petre Badea has been named Deputy Head of CEE Capital Markets at real estate consultancy JLL. At the same time, she will hold the role of Managing Director of JLL Romania.
  • Adrian Bojczuk has joined Tétris' Polish office to take on the newly created position – EMEA Investors and Landlords Client Development Director. He will work closely with the management and business development teams in each country, as well as with the JLL Investor team in EMEA.
  • Savills has strengthened its Office Agency in Poland with the appointment of Marcin Sabowicz and its Industrial Agency with Adam Włochyński.

Latest news




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